GOLD PRICES

South-based Manappuram Finance shares have hit almost five and half-year high as a rating upgrade triggered exuberance among investors, who rushed in to buy these securities. Rating company Crisil upgraded Manappuram's credit rating to 'AA-/Stable' from 'A+/Stable'. VP Nandakumar, Manappuram Finance, talks to ET Now about the same.

Income Tax's investigation wing officials on Thursday raided several Chennai-based jewellers as well as others to recover black money in the form of cash as well as gold. So far a total of Rs 90 crore has been seized in the form of cash, and of this, Rs 80 crore has been seized in the form of demonetised currencies and Rs 10 crore were in new currencies of Rs 2000 notes. Officials reportedly also seized 100 kg of gold worth Rs 30 crore. The raids started in the morning at eight jewellery shops in T Nagar, a city hotel and also at residence of jewellery shop owners in Anna Nagar.

While oil prices have hit a new 7-month high of $49.19 per barrel, gold has slid to a 7-week low of $1225.26 per ounce. Watch the video and find out what the price trend for both the commodities would be like. Also get trading insights from experts.

With the PM Narender Modi's big bold move on circulations of currency in India, the market has reacted in jitters and according to the experts the sectors like real estate, commodity are to be most impacted with the decision.

Crude futures jumped as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran's plans to boost production pressured physical oil prices. Gold prices, however, slipped in trade for the day. Watch the video and know in detail about the commodity cues.

Globally, gold fell by 0.21 per cent to USD 1,205.90 an ounce and silver by 0.39 per cent to USD 15.21 an ounce in London in early trade. In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 100 each to Rs 28,750 and Rs 28,600 per ten grams, respectively. The metal had gained Rs 215 in the previous session.